The reading of our prior note, without an understanding of the importance of "blank name" to the mortgage origination to securitization process, has led to a series of stories suggesting that we are of the view that issuers are at risk and that we will have a Lehman weekend crisis, this is not our view. It is our belief that, given the black box nature of the process and the former white-hot origination market, that documentation of transfer may not have been properly effected. If not properly effected, the "true sale" of mortgages to the trusts that issued mortgage backed securities would be in question. If this proves to be the case then, as we stated in the October 12 note: "the Trustee, who has responsibility to make sure all loans were properly assigned to the trust, may have liability".

"The science is settled!" That's the slogan used by the pro-Global Warming crowd. but is it really? Below is a list of 800 papers by respected and awarded scientists that question or contradict the Man-Made Global Warming Theory (AGW). The science is NOT settled... This list was compiled by Andrew over at PopularTechnology.net. This is worth sifting through!

The worst outcome would be a conclusion that errors by financial institutions had decoupled the payment promises made by borrowers from the mortgages they signed. In that case, the mortgages would be invalid. Homes could be sold without paying off lenders. There also could be heavy tax consequences for lenders, both in terms of federal income taxes and in payment of back fees for mortgage registrations to local governments across the country.

Former U.S. Surgeon General Joycelyn Elders told CNN Sunday she supports legalizing marijuana.

The trend-setting state of California is voting next month on a ballot initiative to legalize pot, also known as Proposition 19. The measure would legalize recreational use in the state, though federal officials have said they would continue to enforce drug laws in California if the initiative is approved.

"Mr. Speaker, we are here now in chapter 11... Members of Congress areofficial trustees presiding over the greatest reorganization of anyBankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise."

United States Congressional Record, March 17, 1993 Vol. 33, page H-1303 The Speaker is Rep. James Traficant, Jr. (Ohio) addressing the House.

'Hackers can force a jet's crash'---The source for this is the British government. When is Team Obama going to put out its own super-scary cyber meme? Hey, I got an idea, why not stop murdering women and children in places like Pakistan. Then a lot of those terrorists will stop hating us for our freedom. (And we can just kill the rest.)

It is NOT always "the banks" who wait "years" or a long time before completing foreclosures. In many instances, the reasons for foreclosure delays lie with FORECLOSURE MILL LAWYERS.

Some lawyers deliberately prolong foreclosure while concealing MALPRACTICE against their lender-clients, and while committing UNFAIR DEBT COLLECTION PRACTICES and fraud against homeowners. Sometimes lenders (who are NOT required to know laws / statutes), are oblivious that foreclosure lawyers’ mistakes, errors, frauds on the court and upon opposing parties actually provided reasons, defenses, and opportunities for opposing sides to have grounds for debating key facts and issues in courtrooms --hoping to reach negotiation, as to avoid homelessness. Meanwhile, the mill lawyers rack up billable hours and fees for litigation those lawyers manufactured –sometimes erroneously, sometimes intentionally.

Illustrations: A property owner who seeks reorganizing his / her debts through Chapter 13 Bankruptcy is not to be blamed for contesting a FALSE “proof of claim” or a FALSE “Motion to Lift Automatic Stay” filed into the record by lenders’ lawyer. (Besides, problems arise with multiple ‘proof of claims’ by different lenders.) Or, when mortgage lender’s lawyer commits injurious frauds, fails to “effect service” or fails at any SUBSTANTIVE Civil Procedure requirement, the blame is on the lender’s lawyer –NOT the homeowner who REFUSES TO COOPERATE WITH UNLAWFUL EVICTION FROM THE SHELTER OVER HIS OR HER FAMILY’S HEAD.